Marijuana Business Daily parent company, former publisher settle suit

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The parent company of Marijuana Business Daily and its former publisher have settled an employment-related lawsuit.

Rhode Island-based Anne Holland Ventures filed a lawsuit in June in Denver County District Court alleging that George Jage violated the terms of his employment agreement after he unsuccessfully tried to buy Marijuana Business Daily. Jage filed a response to the lawsuit, including a dozen counterclaims.

“We are pleased to have found a resolution that allows everyone to progress from here and that the circumstances are satisfactorily behind all of us,” Marijuana Business Daily President and CEO Cassandra Farrington.

Jage declined to comment.

According to the suit, Jage was terminated in April when he “repudiated his agreement to company policy including the written terms of the noncompete, non-solicitation and nondisclosure agreement.”

Anne Holland Ventures was seeking a declaratory judgment on these issues.

Denver-based Marijuana Business Daily runs business-to-business publications, conducts market research and hosts trade shows.